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United States Steel provided the following update on the "process release" at its Midwest Plant in Portage, Indiana on April 11: "U. S. Steel has identified the source of the process release that occurred April 11 at our Midwest Plant and has made the necessary repairs. Extensive testing has been, and continues to be, conducted on the repairs as well as on the water in and around the surrounding area. Recent sampling has indicated we are in compliance with our water permit limits. In addition, we continue to work cooperatively with the appropriate agencies and entities. We are reviewing a potential restart plan to best serve our customers, employees and the community."

26

Apr

XU.S. Steel

$29.42

-1.84 (-5.89%)

03/22/17

JPMS

03/22/17NO CHANGETarget $46JPMSOverweight

JPMorgan ups targets in steel, U.S. Steel remains top pick

JPMorgan analyst Michael Gambardella raised his estimates and price targets for U.S. Steel (X), Steel Dynamics (STLD), Nucor (NUE) and AK Steel (AKS) citing conviction that the companies are "poised for stronger earnings growth over the next several quarters." Steel sheet imports will trend downward, even if the Trump administration just enforces existing trade laws, Gambardella tells investors in a research note. U.S. Steel remains his top pick in Metals & Mining. Gambardella raised his price target for the shares to $46 from $39. The analyst also raised his price target for Overweight-rated Nucor to $75 from $70 and Overweight-rated Steel Dynamics to $44 from $41. His target on Neutral-rated AK Steel moved up to $9 from $8.

03/27/17

MSCO

03/27/17NO CHANGEMSCO

Steel cost deflatoin could lead to a near-term price peak, says Morgan Stanley

Morgan Stanley analyst Evan Kurtz said East Coast export scrap prices have fallen $30/ton, which could negatively influence April scrap price settlements. The analyst said with no clear change in supply-demand dynamics, coast deflation could lead to a near-term price peak. Kurtz would view any weakness in the space as an opportunity to buy top picks Nucor (NUE), Steel Dynamics (STLD), and U.S. Steel (X).

03/29/17

COWN

03/29/17NO CHANGECOWN

Steel sentiment has deteriorated, may have further downside, says Cowen

Cowen analyst Novid Rassouli sand the sentiment in steel stocks has deteriorated following the drop in oil prices, the non-repeal of ACA, and tightening Chinese credit. Rassouli said US HRC prices may come under near-term pressure due to widening domestic versus international spreads and failing scrap prices, leading to additional downside in steel names. The analyst said U.S. Steel (X) and AK Steel (AKS) are the most levered to HRC prices, ArcelorMittal (MT) could see additional downside if iron ore prices continue lower, and views Steel Dynamics (STLD) and Nucor (NUE) as defensive plays given lower fixed cost structures.

03/30/17

JEFF

03/30/17NO CHANGETarget $50JEFFBuy

U.S. Steel price target raised to $50 from $45 at Jefferies

Jefferies analyst Seth Rosenfeld raised his price target for U.S. Steel to $50 saying the cyclical recovery in oil and gas should drive stronger steel-related demand growth beyond that of rig counts. The analyst sees potential upside to U.S. Steel's guidance and keeps a Buy rating on the shares.